ACI Worldwide, Inc. (NASDAQ:ACIW) Director Mary P. Harman Sells 7,194 Shares

ACI Worldwide, Inc. (NASDAQ:ACIW - Get Free Report) Director Mary P. Harman sold 7,194 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $47.48, for a total transaction of $341,571.12. Following the transaction, the director now directly owns 34,388 shares in the company, valued at approximately $1,632,742.24. This trade represents a 17.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

ACI Worldwide Stock Performance

ACI Worldwide stock traded down $1.81 during midday trading on Friday, reaching $45.07. 645,654 shares of the stock traded hands, compared to its average volume of 738,302. The firm has a fifty day moving average price of $49.57 and a two-hundred day moving average price of $51.99. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of 21.36 and a beta of 1.07. ACI Worldwide, Inc. has a fifty-two week low of $35.30 and a fifty-two week high of $59.71. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.72.

ACI Worldwide (NASDAQ:ACIW - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The technology company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.33 by $0.18. ACI Worldwide had a net margin of 14.04% and a return on equity of 21.67%. The company had revenue of $394.57 million during the quarter, compared to analyst estimates of $364.36 million. During the same period in the prior year, the business posted $0.10 EPS. The business's revenue for the quarter was up 24.9% compared to the same quarter last year. On average, equities research analysts forecast that ACI Worldwide, Inc. will post 2 earnings per share for the current year.

Analyst Upgrades and Downgrades

ACIW has been the topic of several recent analyst reports. Jefferies Financial Group cut their price objective on shares of ACI Worldwide from $68.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, May 27th. Wall Street Zen raised shares of ACI Worldwide from a "buy" rating to a "strong-buy" rating in a research note on Thursday, May 22nd. Finally, DA Davidson raised shares of ACI Worldwide from a "neutral" rating to a "buy" rating and set a $60.00 target price on the stock in a research note on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $60.00.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of ACI Worldwide by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 13,863,463 shares of the technology company's stock worth $719,652,000 after purchasing an additional 189,980 shares during the last quarter. Hood River Capital Management LLC increased its stake in shares of ACI Worldwide by 3.1% during the 4th quarter. Hood River Capital Management LLC now owns 3,374,507 shares of the technology company's stock worth $175,171,000 after purchasing an additional 100,311 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of ACI Worldwide by 18.4% during the 4th quarter. Geode Capital Management LLC now owns 2,962,449 shares of the technology company's stock worth $154,095,000 after purchasing an additional 459,821 shares during the last quarter. North Reef Capital Management LP increased its stake in shares of ACI Worldwide by 18.3% during the 4th quarter. North Reef Capital Management LP now owns 2,141,000 shares of the technology company's stock worth $111,139,000 after purchasing an additional 331,000 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of ACI Worldwide by 0.7% during the 1st quarter. Invesco Ltd. now owns 2,027,606 shares of the technology company's stock worth $110,930,000 after buying an additional 14,278 shares during the period. Institutional investors and hedge funds own 94.74% of the company's stock.

About ACI Worldwide

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.